UNIT #11 - 3101 KENNEDY ROAD, Toronto (Milliken)

$869,000

For sale: Other

Other at UNIT #11 - 3101 KENNEDY ROAD, Toronto (Milliken)
Property type
Commercial Retail
MLS®
MLS® E14098864
Neighbourhood
Milliken

An excellent opportunity to acquire a tenanted retail investment property at Gourmet City, strategically located at the southeast corner of Kennedy Road and McNicoll Avenue in Scarborough, with convenient access from Kennedy Road and Milliken. Featuring impressive 20-foot ceilings and a mezzanine, this approximately 1,027 sq. ft. retail unit offers an excellent investment opportunity with established rental income and an existing lease in place.The property offers excellent connectivity and access to highways 404 and 407, a vibrant, multicultural community. Don't miss this opportunity to secure an income-producing retail investment with rental growth potential in a high-demand commercial location!

Sold data

Other homes in Toronto (Milliken) — recent sold market

Other homes in Toronto (Milliken) took a median of 41 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 113, across 37 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 90 days.

The median sale price was $75,000.

Homes sold for about 8.2% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
41
Median sale price
$75,000
Sale-to-list ratio
91.8%
Sold above asking
11%

Based on 37 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Milliken)

Toronto (Milliken) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Milliken)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near UNIT #11 - 3101 KENNEDY ROAD